Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
David Sohelo Mategwa, the national chairman of Kenya National Police DT Sacco, has been appointed as a board director at the Cooperative Development Foundation of Canada Kenya office. Mategwa, who is also the vice chairperson of the African Co-operative Development Foundation (ACDF), will serve on the board for a period of three years. ACDF is…
The Sacco Societies Regulatory Authority (Sasra), in collaboration with the Universal Traders Sacco (UTS) and Netfund, yesterday planted 3000 indiginous trees in Iveti Forest in Machakos County. Sasra Chief Executive Officer Peter Njuguna and UTS CEO Dominic Mutunga led a joint team comprising Sacco members to plant trees at a site in the forest under…
Bandari DT Sacco has emerged as the recipient of two prestigious accolades at the recently concluded Mombasa Business Awards held last weekend. The Sacco was honoured with the esteemed title of “Best Sacco of the Year” and has also been recognized as “The Most Preferred Micro Finance Institution.” The fast-growing Sacco has an asset base…
Artisanal miners from Rosterman area have a reason to smile after Kakamega Central Miners Sacco was launched recently. The development is in line with the directive by the State Department for Mining that all artisanal mining activities be carried out through Saccos only. County Artisanal Mining Committee (AMC) Chairperson Chairperson Patrick Ligami said that the…
The government has urged dairy farmers to form cooperatives to benefit from a larger market and increased income. While addressing the press in his office, Cabinet Secretary (CS) for Cooperatives and MSMEs Development Simon Chelugui said that the lack of proper structures has been a hindrance to the assistance provided by the government. “By joining…
According to a report submitted by Accenture to the Financial Sector Deepening (FSD) Kenya, Saccos are one of the leading sources of finance, and in many rural areas, local Saccos are the only provider of financial services. Fintechs are becoming invaluable partners for Saccos in Kenya who provide innovative digital solutions to streamline their operations…
The number of female employees in regulated Saccos in the country has been steadily rising, surpassing that of male employees, SASRA’s Sacco Supervision Report 2022 has revealed. According to the Report, female employees in regulated Saccos account for 50.61% of the total employees with males accounting for 49.39%. It also reveals that within the DT-SACCOs…
Boresha DT Sacco CEO Jacob Mengich has been honoured with the Head of State Commendation (HSC) Civilian Division by President William Ruto during the 2023 Jamhuri Day celebrations at Uhuru Gardens, Nairobi. Mengich, who was among 173 others, was appreciated for exceptional services in the Sacco industry and the role he has played in transforming…
The National Social Security Fund (NSSF) is working on modalities to ensure that members’ claims are paid within 24 hours, but they will first put measures to settle claims within 14 days. Speaking in Kisumu during a consultative meeting with members of the Central Organization of Trade Unions (COTU), NSSF Managing Trustee David Koros disclosed…
Senior officials from the Government of Ghana, including representatives from the Ghana Co-operative Credit Unions Association (CUA), Ministry of Finance, and the Department of Cooperatives, are currently in Kenya to benchmark the country’s cooperative movement which is considered the largest in Africa. According to the 2022 Statistical Report by the World Council of Credit Unions,…
